Signals & Trading Plan for Monday 11/18/19

Up, up and away
That is what the stock market is doing right now.   There are a number of reasons to explain this bullishness.  Some of them may even be true:

• The Fed is doing a “sort of QE”.
• Bullish seasonality factor.
• 3rd year presidential cycle factor.
• There Is No Alternative (TINA).
• Fear of Missing Out (FOMO).
• Late stage irrational exuberance / complacency

Clearly no one really knows why.  Clearly market participants don’t care.  Clearly they are buying.

So we have 3 choices:  

1. Find a reasonable entry point to jump on this train.  Size our positions appropriately and protect them.
2. Do only short-term trades with small positions.
3. Stay out completely.

The ultimate choice is up to you.  We want to provide you with sufficient data to base your decisions on. 

The rest of this article covers:
Table of support and resistance levels
Market directions: short, intermediate and long term
Planning your trades

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